Dec 10, 2012 8:00pm PST
. here is tennessee senator bob corker talking about tax rates for the top 2% of americans. >> a lot of people are putting forth a theory, and i actually think it has merit where you go in and give the president the 2% increase that he is talking about, the rate increase on the top 2%. >> as usual, there is a catch. here it is. >> but republicans know that they have the debt ceiling that is coming up right around the corner, and the leverage is going to shift as soon as we get beyond this issue. the leverage is going to shift to our side where hopefully we'll do the same thing we did last time. and that is if the president wants to raise the debt limit by $2 trillion, we get $2 trillion in spending reductions. and hopefully this time it's mostly oriented towards entitlements. >> so it's about leverage. it's not about the people. let's put this into context. the republicans held the middle class hostage two years ago and won. the bush tax rates were extended for everyone, including the wealthiest americans. this time around republicans have no leverage on the tax issue, and they know it.